What is the definition of Fail to deliver? | Dictionary.net

FAIL TO DELIVER

\fˈe͡ɪl tuː dɪlˈɪvə], \fˈe‍ɪl tuː dɪlˈɪvə], \f_ˈeɪ_l t_uː d_ɪ_l_ˈɪ_v_ə]\

Definitions of FAIL TO DELIVER

1910 - Black's Law Dictionary (2nd edition)

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A situation where a selling DEALER has not delivered securities to the buying dealer, and will thus not receive payment. Fails are commonly used as a measure of operationsbased PROCESS RISK. See also FAIL TO RECEIVE, AGED FAIL.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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